Bank of Montreal Can lessened its stake in iShares Russell 1000 Growth Index (NYSEARCA:IWF) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 261,104 shares of the exchange traded fund’s stock after selling 24,607 shares during the quarter. Bank of Montreal Can’s holdings in iShares Russell 1000 Growth Index were worth $35,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWF. Goldman Sachs Group Inc. raised its stake in iShares Russell 1000 Growth Index by 6.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,761,515 shares of the exchange traded fund’s stock valued at $1,042,796,000 after acquiring an additional 495,824 shares during the period. TIAA FSB raised its stake in iShares Russell 1000 Growth Index by 4.4% in the 3rd quarter. TIAA FSB now owns 6,153,121 shares of the exchange traded fund’s stock valued at $769,509,000 after acquiring an additional 260,017 shares during the period. BlackRock Inc. raised its stake in iShares Russell 1000 Growth Index by 17.7% in the 2nd quarter. BlackRock Inc. now owns 2,659,400 shares of the exchange traded fund’s stock valued at $316,522,000 after acquiring an additional 400,403 shares during the period. Synovus Financial Corp raised its stake in iShares Russell 1000 Growth Index by 3.8% in the 3rd quarter. Synovus Financial Corp now owns 2,585,088 shares of the exchange traded fund’s stock valued at $323,312,000 after acquiring an additional 93,762 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in iShares Russell 1000 Growth Index by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,470,364 shares of the exchange traded fund’s stock valued at $307,584,000 after acquiring an additional 136,536 shares during the period.

iShares Russell 1000 Growth Index (IWF) opened at $143.97 on Tuesday. The firm has a market capitalization of $42,800.00 and a price-to-earnings ratio of 18.18. iShares Russell 1000 Growth Index has a 12-month low of $107.12 and a 12-month high of $143.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 22nd were given a dividend of $0.3567 per share. This represents a $1.43 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, December 21st. iShares Russell 1000 Growth Index’s payout ratio is 18.69%.

COPYRIGHT VIOLATION NOTICE: This story was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://theolympiareport.com/2018/01/23/ishares-russell-1000-growth-index-iwf-stake-lowered-by-bank-of-montreal-can.html.

iShares Russell 1000 Growth Index Profile

iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth.

Want to see what other hedge funds are holding IWF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell 1000 Growth Index (NYSEARCA:IWF).

Institutional Ownership by Quarter for iShares Russell 1000 Growth Index (NYSEARCA:IWF)

Receive News & Ratings for iShares Russell 1000 Growth Index Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell 1000 Growth Index and related companies with MarketBeat.com's FREE daily email newsletter.